This chemical is widely used in organic synthesis as a versatile building block for creating complex molecular structures. It serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of compounds with specific biological activities. Additionally, it is utilized in the development of advanced materials, such as polymers and resins, due to its ability to form stable and rigid frameworks. In the field of catalysis, it acts as a ligand in transition metal complexes, enhancing the efficiency of various chemical reactions. Its unique bicyclic structure also makes it valuable in research for studying reaction mechanisms and developing new synthetic methodologies.